Monday, September 1, 2008
Raw Facts Of Average House Price History
If you take the data from the average house price graph, There are hidden clues as to how far house prices will fall. It would appear that in both previous house price crashes that occured between 1980 - 1982 and 1989 - 1986, the period of time taken between the house prices rising from min to max and back again is roughly the same length of time. Equally, (and using unorthodox maths), both previous occurances of the prices rising and falling. the difference between the two lowest points is 15% on both occasions. Therefore I would like to be brave and forcast that the current trend will continue for the next 7 years and the house price crash will bottom out when the average house value reaches £88,000! I just hope that for once the facts do actually lie!